Here are the top 5 medtech stories of mid-2017

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Consolidation in the medical device space

Medtronic touts Solitaire stent retriever data

M&A deals in the continue unabated in medtech. Medtronic, for example, recently came to an agreement with Cardinal Health on a portion of Medtronic’s patient monitoring and recovery business. Cardinal Health will pay $6.1 billion in cash, confirming months of speculation that the world’s largest medical device maker was looking to slim down.

Becton Dickinson meanwhile plans a $24 billion acquisition of C. R. Bard.

With a shrinking customer base of OEMs, contract manufacturers are also merging to add capabilities and stay competitive. For example, private equity giant Kohlberg & Co. recently bought specialty plastics manufacturer Pexco and merged it with its PPC Industries holding to create Spectrum Plastics Group.

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